Prime Commercial Property For
111 SW 29 Street Oklahoma City, OK 73109
For Sale
$595,000
SINGLE_FAMILY - Oklahoma City, OK
Property Size1,547 SF
Lot Size0.64 Acres
Price / SF$384.62
Days on Market691
Property Features for 111 SW 29 Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
Commercial
Standard status
Active
APN
111SW2973109
Size
1,547 SF
Lot size
0.64 Acres
Building Details
Year built
1970
Listing Agency:
Senemar & Associates
(405) 724-7003
Listed By:
Mitra Senemar · License #143837
(405) 834-2158
Added: Sep 6, 2024
Changed: May 29
Last Checked: Jul 28 at 8:06AM
MLS# 1133983
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is located at 111 SW 29th Street in Oklahoma City. The property is suitable for retail or mixed-use development. Situated in a thriving business corridor, the location offers visibility and accessibility from major thoroughfares. The lot size is ideal for multiple commercial uses. The property is positioned on a well-trafficked street, providing exposure to local customers and commuters. Flexible commercial zoning allows for a variety of development options, including retail, office, or mixed-use projects. The surrounding area is rapidly developing, with nearby restaurants, retail centers, and entertainment venues. Convenient access to highways and public transportation offers connectivity to surrounding neighborhoods and business districts. The property is suitable for businesses looking to establish a presence in a growing market. The property size is 1547 square feet and the lot size is 0.64 acres.
Key Highlights
- Prime location in a thriving business corridor with high traffic.
- Flexible commercial zoning allows for diverse development options (retail, office, mixed‑use).
- Excellent visibility and accessibility from major thoroughfares.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $30.00 |
| − Vacancy | −$2.8k | −$1.80 |
| EGI | $43.6k | $28.20 |
| − OpEx | −$13.1k | −$8.46 |
| NOI | $30.5k | $19.74 |
1,547 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$436.3K
$381.7K – $509.0K
NOI $30,538 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$529.1K
$462.9K – $617.3K
NOI $37,035 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Commercial property in a high-demand area of Oklahoma City.
Where is this retail space located?
The property is located at 111 SW 29 Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Prime location in a thriving business corridor with high traffic.; Flexible commercial zoning allows for diverse development options (retail, office, mixed‑use).; Excellent visibility and accessibility from major thoroughfares.
